Have you received and reviewed your property tax bill recently? Was it a happy event? Not likely. It is especially painful to see your property tax bill grow when property values have been falling over the past few years. Errors or incorrect information in your property tax file can cause you to pay more taxes than necessary so it is important to review your bill for accuracy. Here are some common sources of errors:
(a) An imposition of an incorrect, erroneous or illegal tax rate that resulted in assessing or collecting excessive taxes.
(b) An incorrect designation or description of the use of property or its classification.
(c) Applying the incorrect assessment ratio percentages
(d) a valuation that is based on an error that is exclusively factual in nature or due to a specific legal restriction that affects the subject property and that is objectively verifiable without the exercise of discretion, option or judgment and that is demonstrated by clear and convincing evidence such as:
(e) A mistake in the description of the size, use or ownership of land, improvements or personal property.
(g) Clerical or typographical errors in reporting or entering data that was used directly to establish valuation.
(h) The existence or nonexistence of the property on the valuation date.
(i) Any other objectively verifiable error that does not require the exercise of discretion, opinion or judgment
If you would like to learn more about the property tax appeal process or to have a free property tax evaluation, visit:
www.dupagetaxappeals.com
I won every appeal for my clients last year and was able to save an average of just about $2,000 each (your actual results may vary).
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